Carlyle, Altor continue Europe's PE fundraising boom

February 11, 2019

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The Carlyle Group and Altor Equity Partners are collectively closing in on around €8.5 billion-worth of commitments for their European buyout funds, in a sign that the private equity fundraising boom is still going strong.

US investor Carlyle confirmed in an earnings call last week that its fifth European buyout vehicle reached nearly €6 billion-worth of commitments during 4Q. Reports from last year suggested that the firm's initial target was just €5 billion.

Elsewhere, Nordic investor Altor has held a final close of its own fifth fund on a €2.5 billion hard cap, after reportedly just four months on the road.

The vehicle will look to invest across the Nordic and DACH regions, aiming for companies with revenues between €50 million and €500 million.

Carlyle and Altor aren't the only PE players taking advantage of the fertile fundraising market.